Sustainability 2023 - GeoPark
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20
23

REPORT
SPEED/SUSTAINABILITY

Main
Results

0,0 LTIR

employees* LOST TIME INJURY RATE

0,53 LTIR

contractors* LOST TIME INJURY RATE

0,0 TRIR

employees* TOTAL RECORDABLE INJURY RATE

0,75 TRIR

contractors* TOTAL RECORDABLE INJURY RATE

0,1 MVCR

MOTOR VEHICLE CRASH RATE

USD 756,6 MILLION

ANNUAL REVENUE FROM OIL AND GAS SALES

USD 451,9 MILLION

ADJUSTED EBITDA

USD 111,1 MILLION

NET PROFIT

49,7 MMBOE

PD RESERVES

USD 1,8 MILES DE MILLION

NET PRESENT VALUE OF 2P RESERVES**

470

DIRECT EMPLOYEES

100%

OF EMPLOYEES OWN SHARES

33,3%

OF THE EXECUTIVE TEAM ARE WOMEN

38,94%

OF EMPLOYEES ARE WOMEN

47%

OF NEW HIRES ARE WOMEN

10,6 KGCO2E/BOE

SCOPE 1 AND 2 GHG EMISSIONS INTENSITY INDEX, 18% LESS THAN 2022

ZERO

ENVIRONMENTAL FINES OR PENALTIES IN OUR OPERATIONS

+40.000

TREES PLANTED/DONATED IN COLOMBIA

100%

OF EMPLOYEES HAVE VARIABLE REMUNERATION LINKED TO WATER AND CLIMATE CHANGE KPIs

ZERO

BARRELS OF CRUDE OIL SPILLED PER MILLION BARRELS PRODUCED

USD 3,9 MILLION

IN SOCIAL INVESTMENT

102.563

BENEFICIARIES OF SOCIAL PROGRAMS

82,14%

DE LA INVERSIÓN SOCIAL CONCENTRADA EN ÁREAS RURALES

349

LOCAL SUPPLIERS INTEGRATED INTO THE VALUE CHAIN

3.744

JOB OPPORTUNITIES GENERATED IN OUR VALUE CHAIN
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A message from
Andrés

Read the full message

At GeoPark, our goal is to deliver more energy, more value, and more shared prosperity. This report provides an insight into our approach and the sustainability efforts of the Company and our team.

Read the full message

Since our foundation in 2002, we have defined an Integrated Value System to ensure a safe, sustainable and responsible operation. Under this system, we report on our sustainability management and ensure that goals and results are everyone’s responsibility rather than belonging to a particular area of the Company.

Speed Integrated Value System

Our Integrated Value System is called SPEED, an acronym that summarizes our commitment in five critical and interrelated areas: Safety, Prosperity, Employees, Environment and Community Development. SPEED defines our success, guides our behaviors, and has enabled us to attract the best talent, be the partner of choice and best neighbor, and to work on reducing the environmental footprint of our operations

Health and Safety:

We should all return home safely and in good health.

Prosperity:

Act transparently and create long-term economic value to give back to our shareholders and ensure our sustainable growth.

Employees:

Create a motivating, fair and rewarding work environment, without discrimination and with conditions and opportunities that develop all our employees, who can participate in the success of the Company and have the opportunity to contribute to its growth

Environment:

Value our natural resources and make every effort to avoid or reduce the impact of our projects on the environment, as well as giving back to nature through using state-of-the-art technologies and operational methods.

Community Development:

Become the neighbor and partner of choice based on a sustainable relationship of learning, exchange and mutual benefit with the local communities where we operate.

About This
Report

This SPEED/Sustainability Report details our performance between January 1 and December 31, 2023, the same period for which we report our financial statements. This is the seventh SPEED/Sustainability Report that we have shared with our stakeholders. The most recent version was published in May 2023.

Downloads
SPEED/ SUSTAINABILITY REPORT